Do you carry out the previous homeowners exemptions for the year?
nov2004bride
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Do you carry out the previous homeowners exemptions for the year?
I was just curious. Also at closing do you have to pay the rest of what they paid or what you will pay for taxes? TIA
princess99
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Re: Do you carry out the previous homeowners exemptions for the year?
The bank took out taxes for the next tax period that is what they did for us, and we have to reapply for STAR. I guess the extra $$ will go into escrow........ We are still confused on the STAR issue but are going to reapply for it even if it stays I figure it would not hurt to reapply for next years STAR. We had Basic STAR and are going to be getting basic STAR back aagin. It just stinks we have to wait a whole year for it. Our taxes are almost 10,000!!!!!
thiadora
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Re: Do you carry out the previous homeowners exemptions for the year?
I work at a title company and sometimes we have to restore the taxes. However, it depends on the municipality. What county is the property in and what township?
princess99
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Re: Do you carry out the previous homeowners exemptions for the year?
We live in Nassau . I changed the title on the house, it was my parents house, and I bought out my sister for her half of the house, my parents have passed away. Do I have to refile for STAR?
nov2004bride
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Re: Do you carry out the previous homeowners exemptions for the year?
The house is in Malverne. Taxes are so ridiculous. Our taxes without anything are $8900 and we have no property and the school district is not so great. I don't get it
thiadora
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Re: Do you carry out the previous homeowners exemptions for the year?
Posted by princess99
We live in Nassau . I changed the title on the house, it was my parents house, and I bought out my sister for her half of the house, my parents have passed away. Do I have to refile for STAR?
Yes.
thiadora
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Re: Do you carry out the previous homeowners exemptions for the year?
Posted by nov2004bride
The house is in Malverne. Taxes are so ridiculous. Our taxes without anything are $8900 and we have no property and the school district is not so great. I don't get it
Is it a STAR, veterans or senior citizens exemption?
nov2004bride
Posted:
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Re: Do you carry out the previous homeowners exemptions for the year?
Posted by thiadora
Posted by nov2004bride
The house is in Malverne. Taxes are so ridiculous. Our taxes without anything are $8900 and we have no property and the school district is not so great. I don't get it
Is it a STAR, veterans or senior citizens exemption?
I think all.
KimberlyBride
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Re: Do you carry out the previous homeowners exemptions for the year?
princess99
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Re: Do you carry out the previous homeowners exemptions for the year?
so then STAR is not reflected in our mortgage payment for a year then? We are paying 10,000 in taxes! I know we are eligibale for Basic STAR that will save us $619.00. I am defianately going to grieve our taxes ..................
thiadora
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Re: Do you carry out the previous homeowners exemptions for the year?
Posted by nov2004bride
Posted by thiadora
Posted by nov2004bride
The house is in Malverne. Taxes are so ridiculous. Our taxes without anything are $8900 and we have no property and the school district is not so great. I don't get it
Is it a STAR, veterans or senior citizens exemption?
I think all.
Veterans and Senior Exemptions = date of conveyance (or date of death if title is coming through an estate).
I don't believe that they restore the STAR. However, you will have to re-apply for it because it isn't in your name.
That also means that you might get a bill for the restored factor if you closed in the middle of a tax period. However, look at your closing papers. Most of the time the attorneys know and make an adjustment at the table.
And sometimes they county forgets to restore them. You just have to keep your eye out for it and remember that they do have a couple of years to do it.
